In an address to the Berlin Agriculture Ministers meeting last month, World Trade Organisation (WTO) Director General Pascal Lamy said export restrictions are a prime cause of recent surges in global food prices, and countries should find other ways of securing domestic supplies (“WTO chief: Alternatives to food export curbs needed”, Business Standard, January 23). Though export restrictions are an important contributor to rising food prices, they are by no...
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UN agency on ‘red alert’ as soaring food prices threaten millions of world’s poorest
Record high food prices are putting added pressure on the United Nations agency that helps feed nearly 100 million of the world’s poorest people, with officials warning of a potential “perfect storm” combination of soaring costs, weather emergencies and political instability. “We are on red alert and we are continually assessing needs and reassessing plans and stand ready to assist,” UN World Food Programme (WFP) Executive Director Josette Sheeran told the...
More »UN agency creates tool to mitigate agriculture’s contribution to global warming
The United Nations Food and Agriculture Organization (FAO) has initiated a programme to improve global information on greenhouse gas emissions from agriculture and accurately assess farming’s potential to mitigate global warming. The improved data acquired by the FAO Mitigation of Climate Change in Agriculture (MICCA) programme, which will receive $5 million in funding from Germany and Norway, will be made available via an online global knowledge base that will profile greenhouse...
More »China: drought will not impact global prices by Ananth Krishnan
Abundant reserves, says Beijing $1.96-billion relief effort under way China on Tuesday said a record drought across its major wheat-producing provinces would not impact global food prices, with the country expected to meet its demand from “abundant reserves.” “China is self-reliant on food,” Foreign Ministry spokesperson Ma Zhaoxu told a regular press briefing. He was responding to a question on global concerns triggered last week after the United Nations Food and Agriculture Organisation...
More »In agriculture’s pyrrhic victory, a call to caution by RN Bhaskar
There’s both good news and bad news on the food front. The good news is that wheat, maize and pulses production during the current year will be the highest that India has seen. Wheat production was expected to be high, thanks to the twin advantages of a high procurement price —- higher than international prices —- and favourable weather conditions. But pulses production too has zoomed, because of the soaring prices in the...
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